Recession or Depression? Its officially a Recession

[Billy_Bob]

Now with contraction ongoing into the third quarter we are officially in a recession. Major retailers are now cutting jobs during a time when they are usually gearing up for the holidays. Walmart, Target, and many others are not hiring for the holidays. Just in time for the midterm elections the jobless rate is going to skyrocket. Many retailers are allowing attrition to happen as they see profits shrink.

US economy shrank by 0.6 percent in second quarter — signaling recession

The US Commerce Department issued a revised reading of second quarter figures on Thursday.

nypost.com

 

[Billy_Bob]

For many who will be unable to find jobs, this year will become the year a depression has started.

 

[night_son]

Now with contraction ongoing into the third quarter we are officially in a recession. Major retailers are now cutting jobs during a time when they are usually gearing up for the holidays. Walmart, Target, and many others are not hiring for the holidays. Just in time for the midterm elections the jobless rate is going to skyrocket. Many retailers are allowing attrition to happen as they see profits shrink.

US economy shrank by 0.6 percent in second quarter — signaling recession

The US Commerce Department issued a revised reading of second quarter figures on Thursday.

nypost.com

I find myself wondering how many traditional holidays we Americans have left; holidays where everyone can afford feasting food, travel, wine, gifts and get places without green fascist check points. This forced reduction in basic quality of life is happening the world over. I wonder how many good years we've got left.

 

[Toddsterpatriot]

Now with contraction ongoing into the third quarter we are officially in a recession. Major retailers are now cutting jobs during a time when they are usually gearing up for the holidays. Walmart, Target, and many others are not hiring for the holidays. Just in time for the midterm elections the jobless rate is going to skyrocket. Many retailers are allowing attrition to happen as they see profits shrink.

US economy shrank by 0.6 percent in second quarter — signaling recession

The US Commerce Department issued a revised reading of second quarter figures on Thursday.

nypost.com

Sounds like Bed Bath and Beyond is circling the drain.

 

[Billy_Bob]

I find myself wondering how many traditional holidays we Americans have left; holidays where everyone can afford feasting food, travel, wine, gifts and get places without green fascist check points. This forced reduction in basic quality of life is happening the world over. I wonder how many good years we've got left.

That is an interesting observation. The destruction of our culture is going full throttle. I don't know if we can stop it at this point.

 

[Billy_Bob]

Sounds like Bed Bath and Beyond is circling the drain.

BBB is holding on by a ragged thread.. They are already at base minimum employees.

 

[night_son]

That is an interesting observation. The destruction of our culture is going full throttle. I don't know if we can stop it at this point.

I don't know about stopping it either. Perhaps sheltering from it is the best we can do.

 

[ColonelAngus]

The definition of “recession” will keep being changed by the cult.

 

[Billy_Bob]

I don't know about stopping it either. Perhaps sheltering from it is the best we can do.

We need to teach our young what those really mean and why they were instituted. The public indoctrination camps are not doing it.

 

[Billy_Bob]

The definition of “recession” will keep being changed by the cult.

That is the way of the left... Ever changing the definition of well-known standards. You need look no further than the gullible warming scam to see how they do it. This will be no different. They take no responsivity for anything they cause.

 

[SassyIrishLass]

Oh c'mon give Brandon a break, all is well!!!

Unless you talk to people suffering from inflation, high gas, groceries, housing...on and on and on

 

[Slade3200]

Now with contraction ongoing into the third quarter we are officially in a recession. Major retailers are now cutting jobs during a time when they are usually gearing up for the holidays. Walmart, Target, and many others are not hiring for the holidays. Just in time for the midterm elections the jobless rate is going to skyrocket. Many retailers are allowing attrition to happen as they see profits shrink.

US economy shrank by 0.6 percent in second quarter — signaling recession

The US Commerce Department issued a revised reading of second quarter figures on Thursday.

nypost.com

Looks like retail jobs are at a record high. Recovered and passed Prepandemic numbers… what am I missing?

Monthly retail employment U.S. 2022 | Statista

In February 2021, there were approximately 15.7 million people employed in the retail industry in the United States, up from 15.29 million employed in the same period a year earlier.

www.statista.com

 

[Billy_Bob]

Oh c'mon give Brandon a break, all is well!!!

Unless you talk to people suffering from inflation, high gas, groceries, housing...on and on and on

Arm, leg, or neck?

 

[Billy_Bob]

Looks like retail jobs are at an altimeter high. Recovered and past President pandemic numbers… what am I missing?

Monthly retail employment U.S. 2022 | Statista

In February 2021, there were approximately 15.7 million people employed in the retail industry in the United States, up from 15.29 million employed in the same period a year earlier.

www.statista.com

The fact that they are no longer hiring and they are allowing attrition to happen. That won't show up until next month... and the month after that.

 

[Slade3200]

The fact that they are no longer hiring and they are allowing attrition to happen. That won't show up until next month... and the month after that.

Have you looked at the stats? Click my link and look at them Monthly retail employment U.S. 2022 | Statista

 

[SassyIrishLass]

Looks like retail jobs are at a record high. Recovered and passed Prepandemic numbers… what am I missing?

Monthly retail employment U.S. 2022 | Statista

In February 2021, there were approximately 15.7 million people employed in the retail industry in the United States, up from 15.29 million employed in the same period a year earlier.

www.statista.com

That was six months ago

 

[Slade3200]

That was six months ago

Here’s one from August… thoughts?


Retail jobs increased by 22,000, despite repeated warnings from executives at Walmart, Target and elsewhere that consumer demand is shifting.

Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market

Nonfarm payrolls were expected to increase 258,000 in July, according to Dow Jones estimates.

www.cnbc.com

 

[Marener]

The fact that they are no longer hiring and they are allowing attrition to happen. That won't show up until next month... and the month after that.

The latest data shows 10 million job openings at the end of June.

Job Openings and Labor Turnover Summary - 2024 M02 Results

www.bls.gov

 

[g5000]

That is the way of the left... Ever changing the definition of well-known standards.

Your OP reveals you don't even know what the definition of a recession is.

 

[g5000]

U.S. job growth through March to be revised higher - BLS

The U.S. economy likely created 462,000 more jobs in the 12 months through March than previously estimated, the Labor Department's Bureau of Labor Statistics said on Wednesday.

www.reuters.com

This REALLY upsets the Trumptards who want America to fail.